Conveyor Car Wash and Auto Repair
For Sale
Contact for pricing
3602-3698 Walnut St, Harrisburg, PA 17109
Established automotive service property with car wash, detailing, maintenance, inspection, and repair operations.
Property Size14,943 SF
Price / SF$331.26
Days on Market42
Property Features for 3602-3698 Walnut St
General Information
Standard status
Active
Size
14,943 SF
Property subtype
RETAIL
Site & Location
Highway Access
Yes
Road Access
Yes
Automotive
Service Bays
4
Car Wash Bays
4
Additional Details
Business Included
Yes
Amenities
complimentary vacuums
Building Details
Abandoned
No
Listing Agency:
Landmark Commercial Realty
(717) 731-1990
Listed By:
Bogumila ‘Bo’ Mangam
(717) 805-4166
Source:
Moodyscre
Added: Aug 4
Changed: Sep 13
Last Checked: Sep 13 at 3:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Landmark Commercial Realty
Investment Insights
Based on property information with market context.
This automotive service property combines a conveyor car wash with lube, detailing, auto repair, inspection, emissions testing, and car sales operations. The offering includes the real estate, equipment, furnishings, operating business, and goodwill. A four-bay detailing area is attached to the wash tunnel, while three self-service wash bays provide additional customer capacity. Complimentary vacuums and basic preventative maintenance services are also part of the operating model.
The 14,943-square-foot facility is positioned along Route 22 on Walnut Street in Susquehanna Township, Harrisburg. Access to I-81, I-83, and Route 322 supports connectivity throughout the surrounding area. The business has operated since 1985 and includes established relationships with local car dealerships. Existing services and multiple operating components are in place for continued automotive use.
The 14,943-square-foot facility is positioned along Route 22 on Walnut Street in Susquehanna Township, Harrisburg. Access to I-81, I-83, and Route 322 supports connectivity throughout the surrounding area. The business has operated since 1985 and includes established relationships with local car dealerships. Existing services and multiple operating components are in place for continued automotive use.
Key Highlights
- 14,943‑square‑foot automotive service facility
- Conveyor tunnel car wash with attached four‑bay detailing area
- Three self‑service bays accommodate up to six vehicles simultaneously
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$149,841
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,996,820
$3.0M
Cap Rate 7%
$2,140,586
$2.1M
Cap Rate 9%
$1,664,900
$1.7M
Market Conditions
NOI Build-Up for 14,943 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$224.1K $15.00/SF
− Vacancy
−$10.1K −$0.68/SF
EGI
$214.1K $14.33/SF
− OpEx
−$64.2K −$4.30/SF
NOI
$149.8K $10.03/SF
Area
Dauphin County, PA
Vacancy
4.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,996,820
Cap Rate 7%
$2,140,586
Cap Rate 9%
$1,664,900
Alternative Uses
Best Use
Specialty Retail
$27.52M
$24.08M – $32.11M
NOI $1,926,526 @ 7.0% cap · market cap 38.92%
Second Best
Industrial
$14.27M
$12.48M – $16.65M
NOI $998,760 @ 7.0% cap · market cap 20.18%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Service bays
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
654
Businesses Nearby
34k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 72%
Shops & Services 21%
Electronics 6%
Wendy's
Dining
12,895 visits/mo
0.4 miles
KFC
Dining
5,064 visits/mo
0.3 miles
Dairy Queen
Dining
3,988 visits/mo
0.4 miles
Mobil
Shops & Services
3,889 visits/mo
0.4 miles
SUBWAY
Dining
2,756 visits/mo
0.3 miles
Demographics for 17109, PA
25,232
Population
11,808
Households
2.1
Avg Household Size
39
Median Age
29%
College-Educated
92%
High-School Grad
7.0 sq mi
ZIP Area
3,605
Density / Sq Mi
$70,618
Median Household Income
$42,908
Median Earnings
$1,234
Median Rent
$203,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - Established automotive service property with car wash, detailing, maintenance, inspection, and repair operations.
Where is this car wash located?
The property is located at 3602-3698 Walnut St Harrisburg, PA.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: 14,943‑square‑foot automotive service facility; Conveyor tunnel car wash with attached four‑bay detailing area; Three self‑service bays accommodate up to six vehicles simultaneously
